ZAGREB, Jan 10 (Hina) - The Croatian government on Thursday proposed legal changes reducing incentives for the production of bread wheat (wheat, durum wheat and rye), brewer's barley, sunflower and sugar beet, and increasing
incentives for soy. Agriculture Minister Bozidar Pankretic said decreasing incentives was necessary to curb the production of surplus goods. The government has forwarded a contract on a Structural Adjustment Loan, signed with the World Bank on December 5, to parliament for ratification. The loan, worth USD202 million, is intended for the government's structural and institutional reforms. The loan has been granted for a period of 15 years, with a five-year grace and an interest rate of some five percent. Finance Minister Mato Crkvenac reiterated there was 100 million euros available in Croatian banks for the financing of quality programmes. The bank's balance sheets show that despite being owned by
ZAGREB, Jan 10 (Hina) - The Croatian government on Thursday
proposed legal changes reducing incentives for the production of
bread wheat (wheat, durum wheat and rye), brewer's barley,
sunflower and sugar beet, and increasing incentives for soy.
Agriculture Minister Bozidar Pankretic said decreasing incentives
was necessary to curb the production of surplus goods.
The government has forwarded a contract on a Structural Adjustment
Loan, signed with the World Bank on December 5, to parliament for
ratification.
The loan, worth USD202 million, is intended for the government's
structural and institutional reforms.
The loan has been granted for a period of 15 years, with a five-year
grace and an interest rate of some five percent.
Finance Minister Mato Crkvenac reiterated there was 100 million
euros available in Croatian banks for the financing of quality
programmes. The bank's balance sheets show that despite being owned
by foreigners, the banks did not reap profits but reinvested them in
Croatia. We hope they will continue doing so in the future as well,
Crkvenac said.
(hina) sb rml